Area Business Associations Say Future Energy Jobs Bill Will Support Growth in Small Businesses
November 26 2016 - 3:40PM
Business Wire
Business associations and chambers of commerce
laud benefits brought to their constituents by Future Energy Jobs
Bill
On Small Business Saturday -- as shoppers focus their dollars on
area businesses that are the economic life blood of neighborhoods
-- local business associations and chambers of commerce are
supporting the benefits the Future Energy Jobs bill will bring to
their small business members.
Area associations, including the Chatham Business Association,
the Cosmopolitan Chamber of Commerce, the Clinton Area Chamber of
Commerce & Tourism Bureau, Illinois Hispanic Chamber of
Commerce, Illinois Retail Merchants Association, Illinois Municipal
League, Quad Cities Chamber of Commerce and Rockford Chamber of
Commerce, say the benefits proposed by Exelon Generation and ComEd
will strengthen the economy, save and create good-paying jobs,
retain Illinois’ historically low energy rates and ensure the state
maintains its competitive economic advantage.
The legislation is the product of collaboration among diverse
stakeholders, including environmental groups, renewable energy
developers, faith-based organizations, consumer advocates, labor,
business groups, utilities and community leaders. Among other
benefits, the bill will preserve 4,200 jobs associated with
Exelon’s Quad Cities and Clinton nuclear plants, preserve $1.2
billion in economic activity, create tens of thousands of new jobs
associated with renewable energy development and energy efficiency
and avoid higher energy costs that would result if nuclear plants
were to close.
“In addition to delivering a boost to our economy, this
legislation creates the potential for investments in renewable
energy, energy efficiency, microgrids, new business growth
opportunities and thousands of new jobs, putting Illinois at the
forefront of the growing clean energy industry. The Chatham
Business Association will make a concerted effort to create and
expand existing business opportunities that prepare underserved
communities for the economic potential of this new energy future,
and maximize investment in priority communities,” said Melinda
Kelly, Executive Director of the Chatham Business Association. “It
also helps businesses keep energy costs affordable, advances grid
reliability and energy security, which are essential ingredients to
a healthy economy.”
“Small business -- the growth engine in local neighborhoods --
were hit hard by the economic downturn, but are rebounding,” said
Bruce Washington, president of the Cosmopolitan Chamber of
Commerce. “The Future Energy Jobs bill will help reduce energy
costs for these companies and allow them to invest even more in
their businesses. We are hopeful that legislators and the governor
will help our members receive the benefits needed for these
investments.”
In response to stakeholder feedback, the legislation has
undergone a number of changes since it was introduced and
conditionally passed by a 9 to 1 vote at last week’s Illinois House
Energy Committee hearing. Though it continues to evolve, the more
streamlined bill further reduces costs but retains important
provisions to invest in energy efficiency, jumpstart renewable
energy development, preserve the state’s nuclear plants, support
low-income programs and keep energy rates competitive. The
legislation continues to undergo revisions prior to the start of
the Veto session, which begins Nov. 29. For more information, visit
futureenergyjobsbill.com.
Exelon Corporation (NYSE:EXC) is a Fortune 100 energy company
with the largest number of utility customers in the U.S. Exelon
does business in 48 states, the District of Columbia and Canada and
had 2015 revenue of $34.5 billion. Exelon’s six utilities deliver
electricity and natural gas to approximately 10 million customers
in Delaware, the District of Columbia, Illinois, Maryland, New
Jersey and Pennsylvania through its Atlantic City Electric, BGE,
ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one
of the largest competitive U.S. power generators, with more than
32,700 megawatts of nuclear, gas, wind, solar and hydroelectric
generating capacity comprising one of the nation’s cleanest and
lowest-cost power generation fleets. The company’s Constellation
business unit provides energy products and services to
approximately 2.5 million residential, public sector and business
customers, including more than two-thirds of the Fortune 100.
Follow Exelon on Twitter @Exelon.
Commonwealth Edison Company (ComEd) is a unit of Chicago-based
Exelon Corporation (NYSE:EXC), the nation’s leading competitive
energy provider, with approximately 10 million customers. ComEd
provides service to approximately 3.8 million customers across
northern Illinois, or 70 percent of the state’s population. For
more information visit ComEd.com, and connect with the company on
Facebook, Twitter and YouTube.
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version on businesswire.com: http://www.businesswire.com/news/home/20161126005007/en/
for ComEdPaul Adams, 410-470-4167Corporate
Communicationspaul.adams@constellation.com
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